Topspin Partners II Sells US Toy Maker PlayMonster.
29 November 2018 - US-based private equity fund Topspin Partners II, LP has exited its portfolio company toys and games manufacturer and distributor PlayMonster LLC, the firm said.
PlayMonster makes family toys, games, preschool toys, creative activities and teaching tools.
Over the past four years, Topspin, along with the PlayMonster team, created value by completing seven tuck-in acquisitions, launching several new product lines and expanding the company's marketing reach and efforts.
The acquirer, Audax Private Equity, has been focused on building middle market companies since 1999. Audax has invested USD 5bn in 119 platform and 715 add-on companies.
PlayMonster, headquartered in Beloit, Wisconsin, is a manufacturer and distributor of family toys, games, preschool toys, creative activities and teaching tools.
The company focuses on innovation through building brands and creating new categories, and maintains distribution across national chains and specialty stores in the US and internationally.
Sector: Consumer Products
Target: PlayMonster LLC
Buyer: Audax Private Equity
Vendor: Topspin Partners II, LP
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Nov 29, 2018|
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